{"id":152387,"date":"2019-07-29T06:37:54","date_gmt":"2019-07-29T10:37:54","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152387"},"modified":"2019-07-29T04:38:21","modified_gmt":"2019-07-29T08:38:21","slug":"us-stocks-close-at-records-on-strong-quarterly-reports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/us-stocks-close-at-records-on-strong-quarterly-reports\/","title":{"rendered":"US stocks close at records on strong quarterly reports"},"content":{"rendered":"
July 29, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens despite slower Q2 GDP data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> advance resumed on Friday led by technology shares. The S&P 500<\/a> rose 0.8% to record high 3025.86, rebounding 1.6% for the week. Dow Jones <\/em> industrial gained 0.2% to 27192.45. The Nasdaq <\/em> advanced 1.1% to 8330.21 buoyed by 12% rally in Alphabet after better than expected quarterly sales report. The dollar strengthening accelerated despite the Bureau of Economic Analysis report US gross domestic product slowed from April to June. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, rose 0.2% to 97.99 and is higher currently. Stock index futures point to lower market openings today<\/p>\n

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FTSE 100 leads European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended higher on Friday after the European Central Bank signaled it could lower borrowing costs to counter a slowdown in the euro zone. EUR\/USD <\/em> joined GBP\/USD\u2019s <\/em> slide with both pairs lower currently. The Stoxx Europe 600 Index gained 0.4% Friday. The DAX 30 <\/em> added 0.5% to 12419.90. France\u2019s CAC 40 <\/em> advanced 0.6% and UK\u2019s FTSE 100 <\/a> rose 0.8% to 7549.06.<\/p>\n

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Hang Seng leads Asian indexes retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly falling today ahead of resumption of US-China trade talks in Beijing Tuesday. Nikkei <\/em> fell 0.2% to 21616.80 as yen resumed its climb against the dollar. China\u2019s markets are retreating with China officials saying they hope U.S. creates positive conditions for trade talks: the Shanghai Composite Index <\/em> is down 0.1% and Hong Kong\u2019s Hang Seng <\/em> Index is 1.1% lower. Australia\u2019s All Ordinaries Index however extended gains 0.5% with the Australian dollar slide against the greenback reversed.<\/p>\n

\"HK50<\/p>\n

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Brent <\/a> down<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging lower today on easing of Middle East tensions after weekend talks between Iran and major powers ended on a positive note. Prices rose on Friday on oil field services firm Baker Hughes report the number of U.S. oil rigs fell by three last week to 776: Brent for October settlement ended 0.2% higher at $63.37 a barrel Friday, nevertheless closing 1.5% higher for the week.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Dollar strengthens despite slower Q2 GDP data US stock market advance resumed on Friday led by technology shares. The S&P 500 rose 0.8% to record high 3025.86, rebounding 1.6% for the week. Dow Jones industrial gained 0.2% to 27192.45. The Nasdaq advanced 1.1% to 8330.21 buoyed by 12% rally in Alphabet after better […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-152387","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=152387"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152387\/revisions"}],"predecessor-version":[{"id":152392,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152387\/revisions\/152392"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}